As technology develops its effect on our life is increasing accordingly. People can easily access the products they want through cell phones and computers. This situation is also true for renting our goods and finding money by pledging our goods whenever we want. However it’s very difficult in a normal system and most of the time we are obliged to rent our products below their value. BizShake blockchain project that we are about to touch upon this article came up to facilitate the humans life.

What Is BizShake?

BizShake is committed to improving community life by creating a fully decentralized P2P sharing ecosystem based on NEO blockchain technology, aiming to allow users to monetize their assets in forms of renting and pawning, while greatly reducing intermediary costs. In the P2P Sharing Economy 2.0 paradigm, Blockchain will execute transactions and payments; in this case the trust that is indispensable during the P2P transaction is provided by the Blockchain. BizShake applications will provide users with market access and business logic, for which a very small fee will be charged.

How BizShake P2P Blockchain Renting & Pawning Works

BizShake is going to be accessible through mobile programs for iOS and Android. You'll also have the ability to purchase it over a web platform. The core functions of the platform include"SmartRent" and"SmartPawn". Here's how each function works.

SmartRent:

SmartRent will allow users to rent assets for a certain period of time to other users for a pre-determined fee. SmartRent will allow the lessor to exploit the full potential of ownership withthe economic return as well as allowing lessees to enjoy the use of an asset without investing in its purchase.

SmartPawn:

SmartPawn will allow users to receive a short-term loan from another user; the loan will be backed by the transfer of an asset. When the loan will be refund, the asset will be transferred back. Using SmartPawn is another form in which the owner can exploit the fill potential of ownership.

BizShake Decentralised Dispute system

Arbitration rights will be assigned to users with the most respectable credibility rating. A solving system will then be implemented to decide the level of penalties dependent upon each case to ensure whoever is accountable is reimbursed rightfully with a small commission rewarded to the arbiters who release their judgment call. Users with high value assets can use BizShakes SmartCertify concept to ensure the assets authenticity, condition and value are up to scratch.

Blockchain and the nature of decentralization

BizShake has designed its ecosystem on the NEO Blockchain as it can exert scalability, with the capability of accomplishing 1000 transactions per second. The NEO Blockchain also uses delegated Byzantine Fault Tolerance or dBFT which can be considered to be one of the ‘fairest’ ways to create new blocks on the blockchain ‘without the need for mining’ (Proof of Work, PoW.) NEO is also compliant with government blockchain regulations so the trust concept on the ecosystem is also emphasized.
Trust and transparency integrated into all transactions so no-one is better off. Intermediaries are not needed in the processes of sharing or payments.

SmartAPI

SmartAPI will provide other business holders with the chance to apply more applications based on BizShake Business’ rationality and AL algorithms for their upright bazaar, certain wealth and languages, to bring maximum likely worth to the society.

Token Distribution

Token: BZS
PreICO Price 1 NEO: 260 BZS
Price 1 NEO: 185 BZS
Platform: NEO
Accepting: NEO, GAS, ONT
Minimum investment: 1 NEO
Soft cap: 50000 Neo
Country: USA
Whitelist/KYC: KYC & Whitelist
Restricted areas: China

There’s a total supply of 200 million BZS tokens, with 50% of the tokens (100 million) available during the sale. BizShake is accepting NEO and GAS for its ICO. Of the remaining tokens, 30% is going to a reserve fund, 15% to the founders, and 5% to advisors.

Conclusion

BizShake aims to change the way we rent and pawn items online. The blockchain-based platform uses smart contracts to manage lending and pawning agreements. You can use BizShake to rent or pawn your own assets, for example, and generate income from things you’re not currently using. All transactions are secured over the blockchain and completed using BizShake’s native BZS tokens.

For More Information

Website: https://bizshake.io
Whitepaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf
BizShake: https://bizshake.io
Telegram: https://t.me/bizshake
Medium: https://medium.com/bizshake
Facebook: https://www.facebook.com/bizshake
Twitter: https://twitter.com/BizShake_ico
Linkedin: https://www.linkedin.com/company/bizshake
Reddit: https://www.reddit.com/r/BizShake/

Author: Raghav
Bounty0X User Name: @raghav078
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2235966
Eth: 0x11b2642E17Bf70C834CaA29a97D2030303d07069

BizShake : Tokenization of Real-World Assets